Veterans Pay Raise 2024 Update. 2024 va disability pay charts are effective december 1, 2023, payable starting january 1, 2024, and will increase by 3.2% based on the new social security administration’s 2024 cola increase. Military retirees and disabled veterans will receive 2.5% increases to their monthly paychecks for 2025, thanks to the annual cost of living adjustment, or cola, tied to inflation.
To put that in dollars, for every $1,000 a veteran gets in benefits, they will see an extra $34 in 2024. 2024 va disability pay charts are effective december 1, 2023, payable starting january 1, 2024, and will increase by 3.2% based on the new social security administration’s 2024 cola increase.